Orascom Awarded $200 million Contracts in Algeria and Egypt

Orascom Construction has signed a total of USD 200 million for three industrial and infrastructure projects in Algeria and Egypt.

The first contract in Algeria is part of a greenfield cement plant with a daily capacity of 6,000 tons for a private sector client and the second comprises infrastructure work for an industrial complex. The combined value of both contracts is USD 180 million.

In Egypt, National Steel Fabrication (NSF), one of OC’s building materials subsidiaries, received a USD 20 million order to manufacture and supply all structural steel for the West Nile Delta gas development project.

Osama Bishai, CEO of Orascom Construction, commented:
"These new construction contracts build on our substantial track record in Algeria that stretches across a number of sectors including power, water desalination, petrochemicals and cement. We are also pleased to receive a large order to fabricate and supply the steel structure for an important gas development in Egypt, and look forward to further participating in this sector through our construction group and NSF."

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects